Checked.be
Active
BE 0548.698.712Private limited company
J. LAHAYE
Rue Emile Vandervelde 17 ·4860 Pepinster, Belgium· 12 yrs active
Sector: Site preparation
(43120)
Conclusion
J. LAHAYE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €3k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 117 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €98k |
| Net result | €3k |
| Staff (FTE) | 3 |
| Better than sector | 26% |
Financial profile
50
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
41
Profitability
13
Solvency
16
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
41
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
23
2023
56
2024
41
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.73 (< 1.0)
-10
Leverage
Debt/equity 4.83 (> 3.0)
-10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 6.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-10-2025 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~21.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.2% | 39.4% | |
| Net result | €3k | €22k | |
| Equity | €98k | €123k | |
| Gross operating margin | €278k | €146k | |
| Staff costs | €170k | €217k |
€103k
-19.1%
23-25
€3k
-93.3%
23-25
€85k
-24.8%
23-25
€573k
-18.5%
23-25
€98k
+2.7%
23-25
€-71k
+32.7%
23-25
3
-21.1%
23-25
€170k
-3.5%
23-25
€256
-
23-25
€475k
-21.9%
23-25
€265k
-24.6%
23-25
€208k
-18.3%
23-25
0.73
+4.7%
23-25
0.73
+4.7%
23-25
17.2%
+26.1%
23-25
4.83
-24.0%
23-25
2.6%
-93.4%
23-25
0.5%
-91.7%
23-25
6.02
-35.9%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €103k | €127k | €63k |
| Net profit | €3k | €39k | €-23k |
| Cash flow | €85k | €113k | €48k |
| Staff costs | €170k | €176k | €187k |
| Income taxes | €256 | - | - |
| Dividends | - | - | - |
| Total assets | €573k | €703k | €476k |
| Equity | €98k | €96k | €57k |
| Debt | €475k | €608k | €419k |
| of which ≤ 1y | €265k | €351k | €279k |
| of which > 1y | €208k | €255k | €138k |
| Working capital | €-71k | €-106k | €-128k |
| Employees (FTE) | 3.0 | 3.8 | 4.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.73 | 0.70 | 0.54 |
| Quick ratio | 0.73 | 0.70 | 0.52 |
| Working capital ratio | -12.5% | -15.1% | -26.9% |
| Solvency | 17.2% | 13.6% | 12.0% |
| Debt / equity | 4.83 | 6.35 | 7.33 |
| Long-term debt ratio | 2.12 | 2.67 | 2.42 |
| Interest coverage | 6.02 | 9.39 | 4.04 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.5% | 5.5% | -4.8% |
| ROE | 2.6% | 40.3% | -40.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €573k | €703k | €476k |
| Fixed assets | 21/28 | €380k | €459k | €325k |
| Tangible fixed assets | 22/27 | €378k | €457k | €323k |
| Financial fixed assets | 28 | €2k | €2k | €2k |
| Current assets | 29/58 | €193k | €245k | €152k |
| Stocks & contracts in progress | 3 | - | - | €6k |
| Amounts receivable within one year | 40/41 | €135k | €175k | €100k |
| Cash & bank | 54/58 | €18k | €22k | €17k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €573k | €703k | €476k |
| Equity | 10/15 | €98k | €96k | €57k |
| Contributions / capital | 10/11 | €96k | €96k | €96k |
| Reserves | 13 | €8k | €8k | €8k |
| Accumulated profits (losses) | 14 | €-5k | €-8k | €-47k |
| Amounts payable | 17/49 | €475k | €608k | €419k |
| Amounts payable after one year | 17 | €208k | €255k | €138k |
| Amounts payable within one year | 42/48 | €265k | €351k | €279k |
| Trade debts payable within one year | 44 | €62k | €103k | €54k |
| Income statement | ||||
| Gross operating margin | 9900 | €278k | €307k | €255k |
| Operating result | 9901 | €20k | €52k | €-8k |
| Financial income | 75 | - | €54 | €613 |
| Financial charges | 65 | €17k | €14k | €16k |
| Result before taxes | 9903 | €3k | €39k | €-23k |
| Income taxes | 67/77 | €256 | - | - |
| Net result for the period | 9904 | €3k | €39k | €-23k |
| Result to be appropriated | 9905 | €3k | €39k | €-23k |
Legal Structure
| NACE primary | Site preparation(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 19-03-2014 |
| Status | Active |
| Postal code | 4860 |
Establishment units
J. LAHAYE SPRL
since 20142.228.348.831
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63083B0052/00X002 | Wallonia | 1.1 ha | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
26-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Site preparation43120
Names & trade names
| Legal nameFR | J. LAHAYE |
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